Trade sale
SeaLink leads $29m round for Indian children’s hospital
SeaLink Capital Partners has led a INR2 billion ($29 million) investment in Indian maternal and pediatric hospital chain Surya Children’s Medicare, providing an exit for OrbiMed Advisors.
Blackstone agrees $1b exit from India’s Intelenet
The Blackstone Group has agreed to sell India-based business process outsourcing (BPO) service provider Intelenet Global Services to French peer Teleperformance for $1 billion. It is the second time that Blackstone has exited the company through a trade...
VIG nets 2.1x return on Korea price comparison site deal
VIG Partners has agreed to sell its controlling stake in Summerce Platform, operator of the Korean online price comparison website Enuri.com, to local e-commerce player Koreacenter for KRW105 billion ($97.8 million).
Hony sells Chinese hospital to Hong Kong-listed platform
Hony Capital has agreed to sell three private hospitals in Zhejiang province to Hospital Corporation of China (HCC), a Hong Kong-listed platform it established several years ago, for RMB630 million ($98 million).
Wine in China: Nurturing the vine
Private equity interest in wine is set to increase as its role in the China luxury goods thesis comes further into focus. Culture, character, and copycatting will be at the top of investors’ strategic agenda
India's Fortis reopens bidding for hospital business
Indian healthcare service provider Fortis Healthcare (FHL) has reopened bidding for its hospital operation and invited offers from several potential investors, including TPG Capital-backed Manipal Hospital Enterprises (MHEPL).
India e-commerce: Turning a page
The acquisition of Flipkart by Walmart signals the beginning of a new chapter in India’s e-commerce story. Venture capital investors also hope it represents a model for more exits from technology start-ups
Longreach to exit Japanese mobile content platform
The Longreach Group has agreed to sell Japanese mobile content provider Cybird to Aeria, a listed online gaming platform, for JPY7 billion ($64 million).
Navis, Blackstone to exit Australia's NLV to private equity JV
Navis Capital Partners and The Blackstone Group will exit National Lifestyle Villages (NLV), an Australian developer and operator of mobile home parks, to Serenitas, a joint venture between Singapore’s GIC Private and local GP Tasman Capital Partners.
Permira, Hillhouse agree $1.7b Magento exit
Permira and Hillhouse Capital will sell their stakes in Magento Commerce, a US company that provides transaction-processing software to e-commerce players, to Adobe as part of a $1.7 billion transaction.
Apax exits remaining GlobalLogic stake to Partners Group
Apax Partners has sold its remaining 48% interest in GlobalLogic, an IT outsourcing company founded by several Indian entrepreneurs, to Partners Group. The deal values the business at more than $2 billion.
Kedaara, Partners Group to buy India's Vishal Mega Mart
Kedaara Capital and Partners Group have agreed to acquire Indian retailer Vishal Mega Mart for an undisclosed sum from TPG Capital.
Korea's Crescendo makes partial exit from Model Solution
South Korean GP Crescendo Equity Partners has agreed to make a partial exit from precision prototype manufacturer Model Solution as part of a deal that will see Hankook Tire assume control of the business.
Alibaba buys Rocket-backed South Asia e-commerce business
Alibaba Group has acquired Daraz, an e-commerce platform incubated by Rocket Internet that is the market leader in Pakistan and has a presence in several other South Asian countries.
Walmart to pay $16b for majority stake in India's Flipkart
Walmart has agreed to pay $16 billion for a 77% stake in Flipkart, an Indian e-commerce business that has received substantial private funding. The deal will facilitate full exits for several investors, including SoftBank’s Vision Fund.
Carlyle set for $1.2b cash exit from Korea's ADT Caps
The Carlyle Group has agreed to sell ADT Caps, a South Korean security monitoring and dispatch business, to SK Telecom and Macquarie Group for an enterprise valuation of KRW2.97 trillion ($2.7 billion).
Sequoia, Saama to exit US, India-based analytics company
Sequoia Capital India and Saama Capital will exit their 10-year investment in ScioInspire Holdings, a healthcare analytics platform with operations in the US, UK and India, through a merger with US-listed industry peer EXL.
GIP to buy IDFC's India infrastructure business
Global Infrastructure Partners (GIP) has agreed to buy the infrastructure business of IDFC Alternatives, the alternative asset investment arm of India’s IDFC Group.
Affinity-backed Tegel gets $310m buyout offer
Tegel Group, a poultry producer in which Affinity Equity Partners is the largest shareholder, has received a privatization offer from Philippines-based Bounty Fresh Foods that values the business at approximately NZ$438 million ($310 million).
India’s PE-backed Bharti, Indus to merge
Indus Towers, an Indian telecom tower network backed by Providence Equity Partners, will merge with domestic rival Bharti Infratel, whose investors include KKR and the Canada Pension Plan Investment Board (CPPIB).
India's Fortis weighs competing buyout offers
Indian healthcare service provider Fortis Healthcare (FHL) has formed a panel to evaluate several competing investment offers, including bids of INR61 billion ($933 million) from TPG Capital-backed Manipal Hospital Enterprises (MHEPL) and INR101 billion...
TR Capital completes two India direct secondary deals
TR Capital has completed secondary direct investments in two India-based businesses, microfinance specialist Arohan Financial Services and eyewear chain Lenskart Solutions.
India's Reliance to acquire VC-backed Embibe
Indian conglomerate Reliance Industries has agreed to invest up to $180 million for a 73% stake in Embibe, a domestic educational technology start-up backed by Kalaari Capital and Lightbox Ventures.
WeWork buys PE-backed Naked Hub in Asia expansion drive
US-based co-working space operator WeWork has acquired industry peer Naked Hub, which is backed by Hong Kong-based Gaw Capital Partners, as part of a continued expansion in China and Southeast Asia.
